MYR Group Inc. (MYRG) 10-Year Financial Performance & Capital Metrics

MYRG • • Industrial / General

IndustrialsEngineering & ConstructionElectrical & Mechanical ContractingBuilding Systems Contractors

AboutMYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.Show more

Revenue $3.36B -7.7%
EBITDA $119M -36.6%
Net Income $30M -66.7%
EPS (Diluted) 1.83 -66.1%
Gross Margin 8.63% -13.7%
EBITDA Margin 3.55% -31.3%
Operating Margin 1.61% -54.6%
Net Margin 0.9% -64.0%
ROE 4.84% -67.8%
ROIC 5.73% -62.0%
Debt/Equity 0.20 +76.8%
Interest Coverage 8.29 -68.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.2%
✓Trading near 52-week high
✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.54%

5Y10.18%

3Y10.41%

TTM-0.64%

Profit (Net Income) CAGR

10Y-1.87%

5Y-4.29%

3Y-29.13%

TTM155.05%

EPS CAGR

10Y0.8%

5Y-4.13%

3Y-28.23%

TTM170.31%

ROCE

10Y Avg12.91%

5Y Avg15.01%

3Y Avg13.34%

Latest6.53%

Peer Comparison

Building Systems Contractors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MAGHMagnitude International Ltd Ordinary Shares	225.45M	6.76	5633.33	-36.54%	0.28%	3.37%		3.90
MYRGMYR Group Inc.	3.79B	244.19	133.44	-7.73%	2.78%	15.84%	0.29%	0.20
ECGEverus Construction Group, Inc.	4.55B	89.30	31.78	-0.16%	5.18%	31.58%	2.53%	0.86
EMEEMCOR Group, Inc.	30.54B	682.13	31.70	15.76%	6.96%	33.88%	4.37%	0.12
IESCIES Holdings, Inc.	8.62B	432.69	28.81	16.89%	9.08%	34.46%	2.54%	0.10
BLDTopBuild Corp.	14.05B	500.68	24.68	2.6%	10.84%	25.54%	5.03%	0.71
MIMIMint Incorporation Limited	6.07M	0.30	-4.70	-25.48%	-54.55%	-26.04%		0.22
OFALOFA Group	6.84M	0.48	-7.48	-61.93%	-110.27%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.06B	1.14B	1.4B	1.53B	2.07B	2.25B	2.5B	3.01B	3.64B	3.36B
Revenue Growth %	0.12%	0.08%	0.23%	0.09%	0.35%	0.09%	0.11%	0.2%	0.21%	-0.08%
Cost of Goods Sold+	939.34M	1.01B	1.28B	1.36B	1.86B	1.97B	2.17B	2.66B	3.28B	3.07B
COGS % of Revenue	0.88%	0.88%	0.91%	0.89%	0.9%	0.88%	0.87%	0.89%	0.9%	0.91%
Gross Profit+	122.34M	134.72M	125M	167.06M	214.16M	275.85M	324.98M	343.96M	364.4M	290.32M
Gross Margin %	0.12%	0.12%	0.09%	0.11%	0.1%	0.12%	0.13%	0.11%	0.1%	0.09%
Gross Profit Growth %	-0.08%	0.1%	-0.07%	0.34%	0.28%	0.29%	0.18%	0.06%	0.06%	-0.2%
Operating Expenses+	79.76M	97.31M	99.11M	120.58M	156.98M	189.31M	206.42M	229.06M	235.3M	236.24M
OpEx % of Revenue	0.08%	0.09%	0.07%	0.08%	0.08%	0.08%	0.08%	0.08%	0.06%	0.07%
Selling, General & Admin	79.19M	96.42M	98.61M	118.74M	156.67M	188.53M	207.21M	222.42M	234.61M	238.22M
SG&A % of Revenue	0.07%	0.08%	0.07%	0.08%	0.08%	0.08%	0.08%	0.07%	0.06%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	174K	885K	0	-3.62M	306K	773K	-787K	6.63M	0	-1.99M
Operating Income+	44.84M	38.75M	29.56M	50.31M	57.18M	86.55M	118.56M	114.91M	129.09M	54.08M
Operating Margin %	0.04%	0.03%	0.02%	0.03%	0.03%	0.04%	0.05%	0.04%	0.04%	0.02%
Operating Income Growth %	-0.23%	-0.14%	-0.24%	0.7%	0.14%	0.51%	0.37%	-0.03%	0.12%	-0.58%
EBITDA+	82.87M	77.88M	68.13M	90.22M	101.69M	133M	164.76M	173.08M	188.23M	119.27M
EBITDA Margin %	0.08%	0.07%	0.05%	0.06%	0.05%	0.06%	0.07%	0.06%	0.05%	0.04%
EBITDA Growth %	-0.1%	-0.06%	-0.13%	0.32%	0.13%	0.31%	0.24%	0.05%	0.09%	-0.37%
D&A (Non-Cash Add-back)	38.03M	39.12M	38.58M	39.91M	44.52M	46.45M	46.2M	58.17M	59.14M	65.19M
EBIT	42.78M	37.41M	27.24M	46.48M	56.67M	85.95M	118.11M	117.77M	129.94M	53.02M
Net Interest Income+	-716K	-1.29M	-2.6M	-3.63M	-6.22M	-4.55M	-1.73M	-3.38M	-4.05M	-6.11M
Interest Income	25K	5K	4K	24K	4K	9K	70K	187K	888K	415K
Interest Expense	741K	1.3M	2.6M	3.65M	6.22M	4.56M	1.8M	3.56M	4.94M	6.53M
Other Income/Expense	-542K	-409K	-4.92M	-7.24M	-6.74M	-5.16M	-2.25M	-703K	-4.09M	-7.59M
Pretax Income+	44.3M	38.34M	24.64M	43.07M	50.44M	81.39M	116.31M	114.2M	125M	46.49M
Pretax Margin %	0.04%	0.03%	0.02%	0.03%	0.02%	0.04%	0.05%	0.04%	0.03%	0.01%
Income Tax+	17M	16.91M	3.49M	11.77M	14.23M	22.63M	31.3M	30.82M	34.01M	16.23M
Effective Tax Rate %	0.62%	0.56%	0.86%	0.72%	0.75%	0.72%	0.73%	0.73%	0.73%	0.65%
Net Income+	27.3M	21.43M	21.15M	31.09M	37.69M	58.76M	85.01M	83.38M	90.99M	30.26M
Net Margin %	0.03%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.02%	0.01%
Net Income Growth %	-0.25%	-0.22%	-0.01%	0.47%	0.21%	0.56%	0.45%	-0.02%	0.09%	-0.67%
Net Income (Continuing)	27.3M	21.43M	21.15M	31.29M	36.21M	58.76M	85.01M	83.38M	90.99M	30.26M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	1.48M	4K	4K	0	0	0	0
EPS (Diluted)+	1.30	1.23	1.28	1.87	2.26	3.48	4.95	4.91	5.40	1.83
EPS Growth %	-0.23%	-0.05%	0.04%	0.46%	0.21%	0.54%	0.42%	-0.01%	0.1%	-0.66%
EPS (Basic)	1.33	1.25	1.30	1.89	2.27	3.52	5.05	4.97	5.45	1.84
Diluted Shares Outstanding	21.04M	17.46M	16.5M	16.59M	16.7M	16.89M	17.16M	16.98M	16.84M	16.53M
Basic Shares Outstanding	20.58M	17.11M	16.27M	16.44M	16.59M	16.68M	16.84M	16.76M	16.71M	16.47M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	303.37M	357.59M	379.74M	475.63M	639.18M	636.68M	748.39M	890.29M	1.03B	1.01B
Cash & Short-Term Investments	39.8M	23.85M	5.34M	7.51M	12.4M	22.67M	82.09M	51.04M	24.9M	3.46M
Cash Only	39.8M	23.85M	5.34M	7.51M	12.4M	22.67M	82.09M	51.04M	24.9M	3.46M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	255.63M	310.85M	365.88M	459.28M	613.98M	585.13M	620.73M	791.43M	954.81M	968.73M
Days Sales Outstanding	87.88	99.31	95.16	109.48	108.2	95.03	90.69	96.02	95.64	105.16
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	7.94M	8.2M	8.51M	8.85M	12.81M	577K	887K	1.85M	2.13M	1.6M
Total Non-Current Assets+	221.56M	215.9M	224.05M	273.12M	368.69M	359.18M	372.7M	508.57M	552.5M	559.4M
Property, Plant & Equipment	160.68M	154.89M	148.08M	161.89M	208.3M	207.41M	217.06M	263.72M	303.99M	320.87M
Fixed Asset Turnover	6.61x	7.38x	9.48x	9.46x	9.94x	10.84x	11.51x	11.41x	11.99x	10.48x
Goodwill	47.12M	46.78M	46.99M	56.59M	66.06M	66.06M	66.06M	115.85M	116.95M	112.98M
Intangible Assets	11.36M	11.57M	10.85M	33.27M	54.94M	51.37M	49.05M	87.56M	83.52M	75.69M
Long-Term Investments	-14.38M	-18.57M	168K	1.32M	4.72M	3.04M	3.98M	3.7M	8.71M	3.73M
Other Non-Current Assets	2.39M	2.67M	4.5M	2.65M	34.66M	31.3M	36.54M	37.75M	39.34M	40.38M
Total Assets+	524.92M	573.5M	603.79M	748.75M	1.01B	995.86M	1.12B	1.4B	1.58B	1.57B
Asset Turnover	2.02x	1.99x	2.32x	2.04x	2.05x	2.26x	2.23x	2.15x	2.31x	2.14x
Asset Growth %	0.01%	0.09%	0.05%	0.24%	0.35%	-0.01%	0.13%	0.25%	0.13%	-0%
Total Current Liabilities+	179.74M	228.31M	188.56M	283.81M	396.81M	443.4M	498.6M	666.96M	747.2M	748.9M
Accounts Payable	73.3M	99.94M	110.38M	139.48M	192.11M	162.58M	200.74M	315.32M	359.36M	295.48M
Days Payables Outstanding	28.48	36.2	31.52	37.32	37.76	30.1	33.71	43.19	40	35.11
Short-Term Debt	0	1.08M	1.09M	4.8M	8.74M	4.38M	1.04M	5.07M	7.05M	4.36M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	47.14M	35.69M	54.37M	58.23M	53.71M	62.84M	68.01M	41.99M	46.7M	8.07M
Current Ratio	1.69x	1.57x	2.01x	1.68x	1.61x	1.44x	1.50x	1.33x	1.37x	1.35x
Quick Ratio	1.69x	1.57x	2.01x	1.68x	1.61x	1.44x	1.50x	1.33x	1.37x	1.35x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	15.31M	82.01M	128.19M	140.49M	246.58M	123.17M	103.39M	171.7M	180.34M	224.8M
Long-Term Debt	0	59.07M	78.96M	86.11M	157.09M	25.04M	3.46M	35.48M	29.19M	70.02M
Capital Lease Obligations	0	3.83M	2.63M	1.51M	17.22M	15.73M	13.23M	23.16M	26.09M	32.43M
Deferred Tax Liabilities	14.38M	18.57M	13.45M	17.4M	20.95M	18.34M	24.62M	45.77M	48.23M	52.5M
Other Non-Current Liabilities	926K	19.1M	46.6M	52.86M	51.33M	64.06M	62.08M	67.29M	76.83M	69.86M
Total Liabilities	195.04M	310.32M	316.75M	424.29M	643.4M	566.57M	601.99M	838.66M	927.54M	973.7M
Total Debt+	0	63.99M	82.67M	92.42M	190.39M	52.08M	25.5M	74.55M	73.61M	119.99M
Net Debt	-39.8M	40.14M	77.33M	84.92M	177.99M	29.41M	-56.59M	23.51M	48.71M	116.53M
Debt / Equity	-	0.24x	0.29x	0.28x	0.52x	0.12x	0.05x	0.13x	0.11x	0.20x
Debt / EBITDA	-	0.82x	1.21x	1.02x	1.87x	0.39x	0.15x	0.43x	0.39x	1.01x
Net Debt / EBITDA	-0.48x	0.52x	1.13x	0.94x	1.75x	0.22x	-0.34x	0.14x	0.26x	0.98x
Interest Coverage	60.51x	29.83x	11.36x	13.78x	9.19x	18.97x	65.90x	32.25x	26.14x	8.29x
Total Equity+	329.88M	263.17M	287.04M	324.46M	364.48M	429.29M	519.1M	560.2M	651.2M	600.36M
Equity Growth %	0.02%	-0.2%	0.09%	0.13%	0.12%	0.18%	0.21%	0.08%	0.16%	-0.08%
Book Value per Share	15.68	15.07	17.40	19.56	21.83	25.42	30.25	32.99	38.68	36.33
Total Shareholders' Equity	329.88M	263.17M	287.04M	322.98M	364.47M	429.29M	519.1M	560.2M	651.2M	600.36M
Common Stock	198K	162K	163K	165K	166K	167K	168K	165K	167K	161K
Retained Earnings	168.22M	123.34M	143.24M	174.74M	212.22M	270.48M	355.01M	404.91M	492.53M	453.72M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	116K	-433K	-299K	-193K	-446K	23K	173K	-6.3M	-3.88M	-12.65M
Minority Interest	0	0	0	1.48M	4K	4K	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	43M	54.49M	-9.2M	84.79M	64.9M	175.17M	137.23M	167.48M	71.02M	87.11M
Operating CF Margin %	0.04%	0.05%	-0.01%	0.06%	0.03%	0.08%	0.05%	0.06%	0.02%	0.03%
Operating CF Growth %	-0.22%	0.27%	-1.17%	10.22%	-0.23%	1.7%	-0.22%	0.22%	-0.58%	0.23%
Net Income	27.3M	21.43M	21.15M	31.29M	36.21M	58.76M	85.01M	83.38M	90.99M	30.26M
Depreciation & Amortization	38.03M	39.12M	38.58M	39.91M	44.52M	46.45M	46.2M	58.17M	59.14M	65.19M
Stock-Based Compensation	4.84M	4.67M	4.38M	3.17M	4.4M	5.69M	0	7.92M	8.38M	8.53M
Deferred Taxes	1.56M	4.21M	-5.09M	3.65M	3.6M	-2.64M	6.28M	9.57M	2.06M	-400K
Other Non-Cash Items	-2.06M	-1.15M	-2.47M	-3.6M	-2.51M	-862K	6.29M	-84K	-4.12M	-5.39M
Working Capital Changes	-26.67M	-13.79M	-65.74M	10.36M	-21.32M	67.77M	-6.55M	8.52M	-85.43M	-11.07M
Change in Receivables	-17.77M	-27.48M	-46.19M	-15.87M	-39.71M	32.75M	-33.23M	-86.94M	-166.24M	-21.33M
Change in Inventory	-16.65M	-2.92M	-14.2M	-16.27M	-32.27M	0	0	0	0	0
Change in Payables	6.74M	17.32M	8.15M	19.95M	22.49M	-43.08M	34.35M	109.01M	37.25M	-60.96M
Cash from Investing+	-56.93M	-34.13M	-26.5M	-93.2M	-133.5M	-40.93M	-49.3M	-185.73M	-79.13M	-67.21M
Capital Expenditures	-46.6M	-25.37M	-30.84M	-50.7M	-57.83M	-44.35M	-52.36M	-77.06M	-84.74M	-75.94M
CapEx % of Revenue	0.04%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.76M	3.3M	4.34M	4.58M	4.05M	3.43M	0	1.99M	5.61M	8.73M
Cash from Financing+	-23.91M	-35.54M	16.89M	10.64M	73.36M	-124.3M	-28.09M	-9.27M	-18.37M	-39.96M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.67M	7.61M	1.26M	1.94M	-697K	14M	12K	40K	-10.04M	-1.9M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.6M	29.12M	-40.04M	34.09M	7.07M	130.81M	84.87M	90.43M	-13.72M	11.18M
FCF Margin %	-0%	0.03%	-0.03%	0.02%	0%	0.06%	0.03%	0.03%	-0%	0%
FCF Growth %	-1.23%	9.09%	-2.38%	1.85%	-0.79%	17.5%	-0.35%	0.07%	-1.15%	1.81%
FCF per Share	-0.17	1.67	-2.43	2.06	0.42	7.74	4.95	5.33	-0.81	0.68
FCF Conversion (FCF/Net Income)	1.57x	2.54x	-0.43x	2.73x	1.72x	2.98x	1.61x	2.01x	0.78x	2.88x
Interest Paid	591K	1.11M	2.26M	3.1M	5.74M	4.07M	0	2.74M	4.14M	5.77M
Taxes Paid	16.96M	6.27M	6.6M	7.25M	13.38M	24.18M	0	20.46M	23.95M	15.07M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.37%	7.23%	7.69%	10.17%	10.94%	14.81%	17.93%	15.45%	15.02%	4.84%
Return on Invested Capital (ROIC)	12.57%	9.8%	6.64%	9.75%	9.01%	12.97%	19.3%	16.47%	15.09%	5.73%
Gross Margin	11.52%	11.79%	8.91%	10.91%	10.34%	12.27%	13.01%	11.43%	10%	8.63%
Net Margin	2.57%	1.88%	1.51%	2.03%	1.82%	2.61%	3.4%	2.77%	2.5%	0.9%
Debt / Equity	-	0.24x	0.29x	0.28x	0.52x	0.12x	0.05x	0.13x	0.11x	0.20x
Interest Coverage	60.51x	29.83x	11.36x	13.78x	9.19x	18.97x	65.90x	32.25x	26.14x	8.29x
FCF Conversion	1.57x	2.54x	-0.43x	2.73x	1.72x	2.98x	1.61x	2.01x	0.78x	2.88x
Revenue Growth	12.47%	7.61%	22.83%	9.11%	35.27%	8.51%	11.16%	20.42%	21.12%	-7.73%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Transmission And Distribution	-	-	-	-	772.61M	1.15B	1.3B	1.75B	2.09B	1.88B
Transmission And Distribution Growth	-	-	-	-	-	49.41%	12.75%	34.13%	19.67%	-9.99%
Commercial And Industrial	-	-	-	-	936.75M	1.09B	1.2B	1.26B	1.55B	1.75B
Commercial And Industrial Growth	-	-	-	-	-	16.68%	9.49%	5.52%	23.12%	12.36%
TD	794.9M	818.97M	879.37M	893.11M	-	-	-	-	-	-
TD Growth	-	3.03%	7.38%	1.56%	-	-	-	-	-	-
CI	266.78M	323.51M	523.95M	638.06M	-	-	-	-	-	-
CI Growth	-	21.27%	61.95%	21.78%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

MYR Group Inc. (MYRG) has a price-to-earnings (P/E) ratio of 133.4x. This suggests investors expect higher future growth.

Growth & Financials

MYR Group Inc. (MYRG) reported $3.51B in revenue for fiscal year 2024. This represents a 350% increase from $780.4M in 2011.

MYR Group Inc. (MYRG) saw revenue decline by 7.7% over the past year.

Yes, MYR Group Inc. (MYRG) is profitable, generating $97.8M in net income for fiscal year 2024 (0.9% net margin).

Dividend & Returns

MYR Group Inc. (MYRG) has a return on equity (ROE) of 4.8%. This is below average, suggesting room for improvement.

MYR Group Inc. (MYRG) generated $156.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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